The Agribusiness Market Weblog

China Fertilizer Industry Report, 2007 July 7, 2007

In 2005 and 2006, Chinas natural gas output increased rapidly with a year-on-year growth rate of 20.6% and 16.9% respectively.

The natural gas reserves of Sichuan Basin is about 7.4 trillion cubic meters, and the annual output is about 27.8% to Chinas total. Due to the improvement of natural gas exploiting and recovering technology and the operation and management level of the enterprises in recent years, the production capacity improved greatly. The newly-found gas fields amounted to 3…